It is time now for money power politics and the reason I'm in DC today. Today the Federal Reserve delivered its first interest rate cut of the year. The central bank only lowered rates by a quarter point this time, but officials also signaled two more cuts are coming this year. That might sound like good news, but all of this hints at something that until now still seemed avoidable. An economic slowdown. And it comes as Trump's Treasury Secretary Scott Besson calls for an independent review of the entire Fe ...

As we mentioned, at 8:30 Eastern time, we're going to be getting a read on the inflation at the producer level. Tomorrow morning, we get the consumer level with CPI data. Joining us right now with her take on the economy is Lindseay PZA.She is chief economist at Stiffel. And Lindsay, it seems like things are really kind of heating up for the Fed. You're at this weird inflection point.We know that the jobs picture is even worse than we had expected with those revisions that came yesterday. You saw what the T ...

Market Outlook & Fed Policy - The market anticipates a potential rate cut, possibly larger than 25 basis points (0.25%) in September, influenced by a weakening labor market [2] - A 50 basis points (0.5%) rate cut is not currently priced into Treasury yields, potentially putting downward pressure on them, possibly around 4% [3] - The market views potential Fed rate cuts as an "insurance rate cut," which could prevent further weakening in the labor market [5][6] - If the Fed cuts rates too slowly, the economy could deteriorate; however, multiple rate cuts could fuel a market rally into year-end [7] - The market slowdown observed in GDP data has now impacted the jobs market, requiring market adjustment [9] - The stock market could reach S&P 500 levels of 6500 to 6700 by year-end, assuming fiscal stimulus arrives next year and the Fed proactively addresses economic issues [10][11] Fed Leadership & Rate Strategy - The new incoming governor nominee to replace Adriana Kugler is important, as they may adopt a more proactive approach to interest rates to stimulate the economy [11][14] - Markets are pricing in a potential funds rate of almost 3% from May to the end of next year, anticipating a more proactive Fed approach [15]